All Forum Posts by: Austin Hendrickson

Hey Anna. I actually have a house in Columbia Heights and am doing the BRRR strategy on a smaller St. Paul Condo right now. You can shoot me a PM for more specifics.

1 Vote

Originally posted by @Kirsten Wolfford:

@austin Hendrickson could I get a copy? Sent you a connect request.

Kirsten

Sure I will send you a copy via e-mail

0 Votes

Props to you for finding BP and being excited about real estate. It's a fun journey, you are going to love it! Let me know if I can do anything to help.

1 Vote

Originally posted by @Bo A Vanecko:

@austin

@Austin Hendrickson if you dont mind, could you DM me as well? i am looking at a few partnerships right now and am simply gathering some data on how to set up partnerships :)

thanks

Bo Vanecko

Sure thing. Shoot me a DM with your email address.

0 Votes

Originally posted by @JD Martin:

I once had a gutter contractor tell me after a job "I'm surprised you let me have and finish this job". When I asked him why, he said he figured once I saw him on the news I would have cancelled him. When I asked him why he was on the news, he said he supposedly hired a hit man to kill his wife. The hit man turned out to be an undercover officer. I told him "lucky I rarely watch the news".

In any case, the wife didn't die and he did a good job on the gutters so I was satisfied. ;)

Yikes you can't make that one up. Dodged a bullet with that one!

1 Vote

Completed. I think a passive income goal would be better than a net worth goal. Perhaps not in all situations but that is what I personally have my goals set at.

0 Votes

Hi Stephanie,

There's quite a few blog posts and forum posts on this topic. It really depends on your long term goals. You do not need a license to wholesale properties (perhaps you do in some states, but not MN). The knowledge is definitely good but there is annual agent fees, MLS fees, continuing education etc.

I recently just got my license to help with investing, mainly for MLS access. You could also get a limited brokers license without taking the classes if you want MLS access. If you just want to obtain a rental property here and there then you probably would not need to have a license and maintain it. So long story short is that it is probably beneficial if you are willing to pay the start up costs and ongoing fees.

Hope this helps!

0 Votes

Originally posted by @Taylor Nunn:

Originally posted by @Austin Hendrickson:

Originally posted by @Taylor Nunn:

Originally posted by @Austin Hendrickson:

That you don't need a ton of money to get started. If you find the deals the money will find you.

Did you aquire your real estate license before finding those good deals?

No I started and did multiple deals before I ever got my license. I actually just got my license this month but you definitely do not need it to do deals. Actually in some cases it is better not to have your license so then you do not split anything with your broker etc.

That's interesting, I didn't know you had to split anything with a broker!

If you don't have your license though, don't you have to pay an agent anyway?

Yep a good chunk of what agents make is split with the broker and other misc fees etc. It all depends on the contract the broker has, some are better than others. I'm mostly talking about off-market deals found through direct mail, cold calling, door knocking, marketing, etc. If you find a seller willing to sell and you can buy, then you would not need to pay an agent as no agent would be involved. However you may want an agent to help you through all the paperwork if you are unfamiliar with the process.

2 Votes

Originally posted by @Taylor Nunn:

Originally posted by @Austin Hendrickson:

That you don't need a ton of money to get started. If you find the deals the money will find you.

Did you aquire your real estate license before finding those good deals?

1 Vote

That you don't need a ton of money to get started. If you find the deals the money will find you.

3 Votes

All Forum Posts by: Austin Hendrickson

Austin Hendrickson has started 1 posts and replied 131 times.

Post: Advice on SFH rental research in MPLS area

Post: Tips/examples Partnership Agreement

Post: Jumping into REI in Saint Paul Minnesota

Post: Tips/examples Partnership Agreement

Post: Going to Jail and need advice!

Post: How will you use real estate to retire early?

Post: Should I Get My Real estate License as a beginning investor?

Post: If you started all over again, what would you do differently?

Post: If you started all over again, what would you do differently?

Post: If you started all over again, what would you do differently?